Commercial Real Estate & Business News – December 13, 2013

Investors continue to push borrowed money into U.S. commercial real estate (CRE), making for a positive outlook for capital markets in 2014. Experts say credit performance is improving and lending restrictions are likely to loosen, which means investors will likely not waver in their borrowing habits despite the prospect of rising interest rates in the coming year. Short-term gains are still marginal, but... Read more
Wells Fargo has announced it will invest approximately $125 million to more than double the size of its facility in Chandler. Located at 2600 S. Price Road, Wells Fargo's Ocotillo Corporate Center will expand by 410,000 square feet and include two four-story buildings with office space, a meeting and event center, and a cafe. Once completed, the complex will expand to by 410,000 square feet... Read more
Office vacancy across the U.S. is expected to continue declining next year, dropping approximately 80 basis points to 14.3 percent by year-end, according a CBRE Group office market outlook. The positive trend is expected to continue into 2015 with vacancy landing at approximately 13.5 percent for the year... Read more
Residential real estate values in the United States will increase by 3% and it will be easier for borrowers to get a mortgage in 2014, according to predictions from property firm Zillow. The firm also estimates that mortgage rates will reach 5% by the end of the year and home ownership rates will fall to their lowest point in nearly two decades... Read more
The level of commercial/multifamily mortgage debt outstanding increased by $25.2 billion in the third quarter of 2013, the largest increase since 2008, the Mortgage Bankers Association reports. All four major investor groups increased their holdings, registering a 1% increase over the second quarter of 2013... Read more

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